Search

March Networks Recognized for Leadership Position in North American Retail Video Surveillance Market

OTTAWA, Jan. 21 /CNW Telbec/ - March Networks(TM) (TSX:MN; AIM:MNW), a
leading provider of intelligent IP video and business analysis applications,
is pleased to announce its ranking as the second largest supplier of video
surveillance equipment to the North American retail market in a new report
from IMS Research.
The report, Security in Retail: A Survey of Retailers in North America,
estimates that March Networks is one of three video surveillance equipment
providers with a 6 percent share each of the $437 million market that is
expected to grow to $586.4 million by 2011.
More than 100 retail organizations use March Networks' intelligent
exception reporting and IP video solutions to prevent losses, mitigate risk,
enhance security and improve overall store performance. These advanced
technologies are critical tools for retail organizations in their efforts to
reduce internal theft, organized crime and other sources of inventory
shrinkage, which costs U.S. retailers an estimated $42 billion annually.
In February, March Networks customers from top U.S. and Canadian retail
organizations will attend the company's third annual Retail Summit in
Scottsdale, AZ. The Company hosts the roundtable each year to bring together
senior loss prevention, operations and IT decision-makers for focused
discussion on loss prevention strategies and future technology requirements.
"Our efforts to engage with our customers and respond to their needs has
helped us develop leading retail solutions that have proven both reliable and
highly effective in some of the largest retail deployments in North America,"
said Peter Strom, President and CEO, March Networks. "We are extremely pleased
to be recognized for our success in this high-growth sector and anticipate
increasing our retail vertical market share in 2008, both in North America and
in other target markets."
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent
IP video and business analysis applications that enable organizations to
reduce losses, mitigate risks and improve security and operational efficiency.
The Company's advanced software suite includes enterprise-class video
management, powerful analytics and comprehensive managed and professional
services. Our software and systems are used by leading financial institutions,
retailers, transportation authorities and other organizations in more than 50
countries. For more information, please visit www.marchnetworks.com.
Forward-Looking Statements
This release contains certain forward-looking information, including
expectations of future business. This information is based on the company's
current expectations and assumptions that are subject to a variety of risks
and uncertainties that are difficult to predict and that may be beyond March
Networks' control. Actual results could differ materially from those expressed
in any forward-looking statements due to factors such as customer demand and
timing of purchasing decisions, increased levels of competition, technological
changes and the successful development of new products, dependence on
third-party manufacturers, risks relating to intellectual property
infringement claims, and other risks and factors identified in March Networks'
public filings with regulatory authorities in Canada. March Networks assumes
no obligation to update these forward-looking statements as a result of new
information or future events.
(*)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March
Networks Corporation. All other trademarks are the property of their
respective owners.